Bitcoin Blog Articles

Bitcoin is NOT Fee-Less, but WAY More Reasonable than Traditional Options

(05/27/2013) Mark A. Cenicola

On the official Bitcoin Forum, a tread on one of the mining pools I use, turned to a discussion about Bitcoin mining fees.  Contrary to what many in the mainstream media believe, transaction fees are incurred when transferring Bitcoin.  

However, these fees are very small compared to fees incurred by credit card networks and other fees most banks charge for transferring funds.  Therefore, if you mine for Bitcoin, the best option is to set your payout minimums to the highest you possibly can since the smaller transfers tend to have a higher percentage of their value lost in transaction fees.

In addition to the discussion thread mentioned above, a website called does thorough job of explaining how Bitcoin transaction fees work.

One Sheet

Mark Cenicola strips away the hype and gives his take on technology and its use in establishing a better business online.

Hard hitting presentations that really get to the core of today's technologically advanced business economy, Mark demonstrates effective strategies for integrating the Internet into a company's operations and giving their website an expanded role in contributing to the success of their business.